There's only one cure for the eurozone's terminal disease

Anaemic growth rates in the eurozone are having a deleterious effect on debt levels, making it near impossible for countries to turn their finances around. There is a solution, but it's a politically messy one.

Last week I wrote that the euro crisis was not over -- far from it (The calm before the eurozone storm, 14 August 2014). However, having just read the latest article by Wolfgang Münchau, a fellow eurozone commentator and Financial Times columnist, I have to agree with his suggestion that we should no longer call it the euro 'crisis'.

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